Inequality Quote by Angus Deaton
“If someone thinks of something, some new innovation that benefits us all, and the market works properly, they get richly rewarded for that, and that's just terrific, and that creates inequality.”
About This Quote
Source Interview: Economic Perspectives, 2015
Innovation rewards creators, but market‑driven success can also widen inequality.
In simple terms: Innovation creates wealth and inequality.
Key Takeaway
Design fair reward systems for innovators.
Themes
innovation
inequality
market rewards
economic policy
social justice
Mood
reflective
concerned
Type
economic
social
When to use this quote
- tech entrepreneurship
- public policy
- education funding
- healthcare innovation
Key Concepts
Welfare economics
innovation economics
distributional analysis
Questions to Reflect On
- How can we reward innovation while limiting inequality?
- What policies can balance incentives and equity?
A Different Perspective
Focus on inequality may discourage risk‑taking.
